They leave it in boxes labeled with our names.
They invest it in order to make themselves money.
They pass it on to government offices for safekeeping.
They hold money instead of people keeping it stuffed under their mattresses.
They generate money by providing loans, and this causes a healthy economy.
They mint new money all the time.
The U.S. Treasury
The Federal Reserve
When everyone wants their money back from the bank at the same time
When everyone runs to deposit their checks at the same time in the same bank
When bank shareholders converge on the bank in a fast sprint
The Federal Deposit Insurance Corporation (FDIC)
Nationwide Mutual Insurance Company
American International Group (AIG)
To solve the problems of the private banking system
To provide an alternative banking system to the earlier kind of banks
To offer banking services for businesses
Everybody, as long as they had some form of income
They hire salaried workers and pay taxes.
They're out to make money, as businesses, only the product they "sell" is money.
They have open hours like other businesses and are closed on weekends.
Here's an interesting quiz for you.